Another quarter of improved margins driving turnaround on profitability at Natura &Co
Fiscal Year registered positive net cash of BRL 1.7 billionNet income reached BRL 3.0 billion, of which BRL 979 million will be distributed as dividends
SÃO PAULO, March 12, 2024 /PRNewswire/ -- Natura &Co's (B3:NTCO3) 2023 financial results, released today, reflect the benefits of a strategy defined and implemented 18 months ago, to prioritize profitability and cash conversion versus revenue growth, integrate the Natura and Avon brands in Latin America, and divest non-core assets to deleverage and simplify its corporate structure.
Natura &Co's 2023 consolidated net revenue reached BRL 26.7 billion in the year, up 3.5% vs 2022 in constant currency (CC) and down 8.5% year-on-year in Brazilia
